The original cryptocurrency slipped by more than 35% from its peak in October.
Bitcoin exchange-traded funds have lost a record high $3.7 billion so far in November, surpassing the record $3.6 billion loss in February, as the cryptocurrency is on track for its worst monthly performance since the November 2022 crypto crash.
NEW YORK, NEW YORK - JANUARY 11: Samara Cohen, Chief Investment Officer of ETF and Index Investments at Blackrock, rings the opening bell as Bitcoin Spot ETF's are launched on the Nasdaq Exchange on January 11, 2024 in New York City. The trading of several exchange-traded funds tied to the milestone for the cryptocurrency industry that has been seeking regulatory approval for the financial product for over a decade.U.S. listed exchange-traded funds tracking the price of Bitcoin have lost a record $3.7 billion so far in November, according toLast week, the total market value of all digital tokens dropped below $3 trillion for the first time since April,of individual securities traded as one on exchanges, similar to common stock. By buying an ETF share, investors are able to gain exposure to many different assets at once. A spot Bitcoin ETF mirrors the price of a Bitcoin token. Spot Bitcoin ETFs, which give investors a cheap and easily tradeable way to get exposure to the digital asset, have drawn much interest from investors since they
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